BankBazaar.com, a financial marketplace, is open to roping in a strategic investor who can help accelerate the pace of adoption of paperless access to finance, a top official said.
“We will bring on board an investor more from a strategic perspective, not because we need capital. If we find the right strategic investor who can accelerate the pace at which we are moving towards paperless, that kind of investor we would consider,” Adhil Shetty, CEO, BankBazaar.com, told BusinessLine . BankBazaar.com had last raised $30 million in capital in October 2017 in Series D funding led by Experian. This platform, which has recently completed 10 years of existence, counts Amazon and Sequoia as its investors, among others.
As on date, as many as 85 financial institutions are integrated with this platform to provide paperless access to financial products.
On average, BankBazaar’s platform gets about 3.5 crore visitors every month to get a financial product or research a financial product.